Barclays plans 14-month Accelerated Return Notes tied to tech stocks

By Susanna Moon

Chicago, Feb. 5 – Barclays Bank plc plans to price 0% Accelerated Return Notes due April 2017 linked to a basket of four equally weighted technology sector stocks, according to an FWP filing with the Securities and Exchange Commission.

The underlying stocks are Amazon.com, Inc., Facebook, Inc., Alphabet, Inc. and Netflix, Inc.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 19% to 23%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

Merrill Lynch & Co. is the agent.

The notes will price and settle in February.

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